You can also transfer miles to many Capital One travel partners at a 1:1 rate. To ensure you are getting good value out of your miles, stick to travel redemptions. Travel purchase in Capital One Travel Center If you opt for a gift card, statement credit or check, miles are worth much less. Unfortunately, non-travel redemptions don’t have quite as much value out of your miles. This gives you the opportunity to shop around for the best deal and spend your miles wisely instead of having to opt for offers in an issuer’s portal. You could potentially stretch your rewards further this way, like through the Chase Ultimate Portal with the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® card.Īlthough the Capital One VentureOne card doesn’t offer cardholders extra value for redeeming through Capital One Travel – like with premium travel cards like the Chase Sapphire Preferred Card – it offers extra flexibility and convenience by allowing you to redeem your miles for travel purchases made directly with airlines and hotels or with third-party travel sites. Travel cards are typically most rewarding for cardholders who use loyalty systems that call for redeeming points or miles through the issuer’s portal. Several competing no-annual-fee rewards cards require you to spend $1,000 or more to earn $200 in bonus value. This is a solid offer for a card that carries no annual fee, especially considering the relatively low spending requirement. New VentureOne cardholders who spend at least $500 in the first three months can earn 20,000 miles – worth up to $200 in travel purchases through Capital One Travel. Low spending required to earn sign-up bonus Intro APR offers tend to pop up more frequently on cash back cards than travel cards. Not only can this make the card a more attractive option than many dedicated balance transfer cards – which tend to offer long intro APR periods but no ongoing rewards – but it’s also rare to see such offers on travel rewards cards. Or if you have outstanding debt and need a little more than a year to pay it off, you can take advantage of its matching balance transfer offer to chip away at your principal and fast-track your repayment efforts. If you have a big trip or other large expenses to finance and want some time to pay down your balance while avoiding interest, this card’s 0% intro APR on new purchases for 15 months (19.99% to 29.99% variable thereafter, with a 3% fee on the amounts transferred within the first 15 months) will be a big plus. 0% intro APR on new purchases and balance transfers It’ll also make sense for cardholders who want to avoid annual fees and take advantage of an introductory APR on new purchases and balance transfers. If you want a simple travel rewards card with a flat rewards rate and the flexibility to redeem rewards for bookings on third-party sites, the VentureOne card can be a great fit for you. Why you might want the Capital One VentureOne Rewards Credit Card Low rewards rate: You only earn 1.25% on purchases while flat-rate cards with good to excellent credit score requirements usually offer 1.5% to 2% cash back.Cardholders don’t earn boosted rewards back on airline purchases like they would with other no-annual-fee travel cards.airlines, which can make it difficult to use points on domestic flights or more affordable international flights Lack of options: None of the airline partners are major U.S.
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